Spotlight: Lexverify

What does LEXVERIFY do?

LEXVERIFY’s AI-powered assistant helps prevent legal, compliance, and cyber risks on electronic communications in real time, making risk prevention as easy as spell checking. By leveraging advanced AI technologies, LEXVERIFY provides ongoing, just-in-time training to employees. This helps ensure all your electronic communications are compliant; every email, every message, every time.

For Risk & Compliance, IT/CISO, and Legal in-house teams, LEXVERIFY’s admin dashboard provides real-time visibility of conduct risk. The in-depth insights and analytics enable them to understand their unknown unknowns and proactively manage risk, better allocate training budgets, and improve their organisation’s compliance posture.

What problem does LEXVERIFY solve?

Whether on Outlook, Teams, or Slack, nowadays we are in constant dialogue with colleagues, customers, and vendors. Electronic communication has evolved to the point where we cannot imagine working without it. It’s transformed the way we work, it’s efficient, and it’s convenient, but with all this great convenience also comes great potential liability from non-compliant communications. All it takes is one mishap, one mistake, or one bad actor to put your organisation at risk.

For example, the average office worker sends on average 10,000 emails per year, and it only takes one non-compliant email to get you and your company into trouble. And we’ve seen electronic communications being at the core of lawsuits and regulatory investigations. These, in turn, cause significant financial loss and reputational damage, negatively impact company culture.

Employees are generally relied upon to observe corporate policies in their day-to-day communications. Yet they typically receive little support beyond an initial training on compliant communication and are held responsible when things go wrong. Traditional risk management approaches are also incomplete and ineffective, and most do not prevent risks from occurring. Whether they come in the form of audits, software solutions, surveillance & monitoring or policies and mandatory training, current methods are mostly reactive and have other drawbacks including high costs and poor engagement levels from employees.

Where did the name LEXVERIFY come from?

Lex is the Latin word for law. Combining LEX and VERIFY, the name captures the essence of what LEXVERIFY does—checking against a body of laws, regulations, and policies to ensure that electronic communications are compliant.

What solutions does LEXVERIFY offer?

LEXVERIFY covers key risk areas where we have seen companies getting into trouble time and time again. Our risk modules cover GDPR, competition law, anti-bribery & corruption, sanctions compliance, PCI DSS compliance, insider threats, and employee wellbeing (bullying prevention and inappropriate content).

What makes LEXVERIFY unique?

Combining real-time risk prevention with ongoing, just-in-time training, all in an ethical, secure, and private-by-design way, makes LEXVERIFY a powerful Next Generation Compliance solution. LEXVERIFY is the culmination of deep social science, technical, and professional expertise coming together to solve a pressing problem in today’s digitalised work environment.

Find out more about LEXVERIFY:

If you would like to find out more about LEXVERIFY, head over to their website at https://www.lexverify.com/, or drop them a line at hello@lexverify.com